The National Economic Council (NEC) on Thursday unveiled the Renewed Hope Development Plan (2026–2030), a strategic framework designed to consolidate ongoing reforms and propel Nigeria toward a $1 trillion economy by 2030 under President Bola Ahmed Tinubu’s administration. The announcement came during the Council’s 151st meeting, chaired by Vice President Kashim Shettima, who emphasized the plan’s role as a bridge between lessons learned from the past and ambitious future goals.
Vice President Shettima described the plan as a participatory framework that will engage all tiers of government, civil society, private sector actors, traditional institutions, and youth organizations. “This is not a plan drawn from the ivory towers of Abuja alone. It is inclusive, practical, and designed to translate policies into real outcomes for Nigerians,” he said.
Highlighting key interventions, the Vice President announced that the National Agency for Science and Engineering Infrastructure (NASENI) has scaled up local production of solar-powered irrigation pumps. This initiative aims to lower farmers’ energy costs, expand dry-season cultivation, and strengthen food security nationwide.
On public health, the NEC directed the Accountant General of the Federation to expedite funding for the next round of the national polio immunization campaign, following impressive progress in high-risk states. Data shows a 46% decline in circulating poliovirus type 2 (cVPV2) cases compared to the same period last year, with Kano and Katsina achieving 85% and 84% reductions, respectively. Preparations for the second round of In-Between Round Activities (IBRA) are set for September 11–14, covering 11 high-risk states and delivering integrated services including routine immunization, nutrition supplements for pregnant women, and malaria prevention. A nationwide campaign targeting children aged 0–14 will follow in October.
The Vice President also emphasized NEC’s role as a practical problem-solving platform, urging members to ensure that discussions in council chambers translate into tangible benefits at the community level. The Renewed Hope Plan will guide the preparation of the 2026 federal budget, marking the first annual budget under the new medium-term plan. It aims to accelerate job creation, improve human capital, expand sustainable infrastructure, enhance food security, and strengthen social protection across Nigeria.
The Council also reviewed account balances as of August 27, 2025, reporting $535,823.39 in the Excess Crude Account, N78.45 billion in the Stabilization Account, and N106.7 billion in the Natural Resources Account. These resources will be leveraged to ensure effective implementation of the plan and other national priorities.
The unveiling of the Renewed Hope Plan 2026–2030 reflects the Federal Government’s commitment to inclusive economic growth, participatory governance, and long-term strategic planning aligned with Nigeria Agenda 2050.
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